Neumeier Poma Investment Counsel LLC Boosts Stock Position in SPDR Gold Shares $GLD

Neumeier Poma Investment Counsel LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,185 shares of the exchange traded fund’s stock after purchasing an additional 6,549 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $17,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLD. Bank of Montreal Can acquired a new position in SPDR Gold Shares during the 3rd quarter worth $556,282,000. Corient Private Wealth LLC boosted its position in SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after acquiring an additional 559,507 shares during the period. Axxcess Wealth Management LLC boosted its position in SPDR Gold Shares by 1,158.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock worth $199,923,000 after acquiring an additional 464,376 shares during the period. Teacher Retirement System of Texas boosted its position in SPDR Gold Shares by 103.7% during the 4th quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock worth $225,461,000 after acquiring an additional 289,550 shares during the period. Finally, Dynasty Wealth Management LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth $108,320,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $411.27 on Friday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The stock has a fifty day moving average of $425.14 and a two-hundred day moving average of $427.44. The firm has a market capitalization of $149.58 billion, a PE ratio of -32.43 and a beta of 0.14.

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About SPDR Gold Shares

(Free Report)

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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